We would like to take a moment to summarize what we have heard about significant changes announced at Digital Domain so far.

As a disclaimer, this information comes from secondary sources and some of it is potentially hearsay. If we got something wrong, please speak up and correct us!

Digital Domain had a company-wide meeting yesterday on June 13th. In it, CEO Ed Ulbrich informed employees about long-standing rumors that have been circulating around. We have summarized the main talking points in the list below.

DD Executive management feels that in order to remain competitive in feature production, it simply is no longer cost-effective to perform shot production in Los Angeles.

All shot production work will take place in Vancouver and elsewhere for features, no longer in Los Angeles.

DD Venice facility, located at 300 Hampton Drive, to close permanently sometime before the end of the year. It has long been rumored that the lease on the buildings expires this year, and they opted not to renew it.

DD Commercials is doing well, and will remain in the Playa Vista facility.

DD unable to locate a building to house feature, commercial, and virtual production in the area.

DD currently employs roughly 450 people in the Los Angeles area, including features and commercials. That number is to be scaled down to 250, and all remaining employees will be consolidated in the Playa Vista facility.